Guess?, Inc. (NYSE:GES) Receives $32.00 Consensus PT from Analysts

Shares of Guess?, Inc. (NYSE:GESGet Free Report) have received a consensus recommendation of “Hold” from the four ratings firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $32.00.

Several analysts recently commented on GES shares. B. Riley reiterated a “buy” rating and issued a $37.00 target price (up from $33.00) on shares of Guess? in a report on Monday, April 8th. Jefferies Financial Group lifted their target price on shares of Guess? from $24.00 to $29.00 and gave the stock a “hold” rating in a research note on Thursday, March 21st. UBS Group upped their price target on shares of Guess? from $26.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, March 25th. upgraded Guess? from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Finally, Telsey Advisory Group boosted their price objective on Guess? from $23.00 to $30.00 and gave the company a “market perform” rating in a research note on Thursday, March 21st.

View Our Latest Stock Analysis on Guess?

Guess? Stock Up 1.5 %

Shares of NYSE:GES opened at $27.13 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.96 and a current ratio of 1.55. Guess? has a 52-week low of $17.21 and a 52-week high of $33.50. The company has a market capitalization of $1.45 billion, a PE ratio of 9.36 and a beta of 1.98. The company has a fifty day moving average of $27.56 and a 200-day moving average of $24.71.

Guess? (NYSE:GESGet Free Report) last posted its earnings results on Wednesday, March 20th. The company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.55 by $0.46. Guess? had a return on equity of 30.02% and a net margin of 7.14%. The firm had revenue of $891.05 million during the quarter, compared to the consensus estimate of $855.54 million. During the same period last year, the company earned $1.74 earnings per share. The business’s quarterly revenue was up 9.0% on a year-over-year basis. On average, equities analysts predict that Guess? will post 2.91 EPS for the current fiscal year.

Guess? announced that its board has approved a stock repurchase program on Monday, April 1st that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to repurchase up to 14.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Guess? Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 3rd. Investors of record on Wednesday, April 17th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date of this dividend was Tuesday, April 16th. Guess?’s dividend payout ratio is currently 41.38%.

Insider Activity at Guess?

In other news, CEO Carlos Alberini sold 211,797 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $30.32, for a total value of $6,421,685.04. Following the transaction, the chief executive officer now owns 1,269,778 shares in the company, valued at $38,499,668.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 30.30% of the stock is owned by insiders.

Institutional Trading of Guess?

Large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its holdings in shares of Guess? by 266.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,810 shares of the company’s stock worth $39,000 after purchasing an additional 1,316 shares during the period. Quest Partners LLC purchased a new position in shares of Guess? during the 4th quarter valued at $49,000. Headlands Technologies LLC bought a new position in shares of Guess? during the 1st quarter worth $60,000. Nisa Investment Advisors LLC increased its holdings in Guess? by 405.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,867 shares of the company’s stock worth $66,000 after acquiring an additional 2,300 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Guess? by 19.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,838 shares of the company’s stock valued at $135,000 after acquiring an additional 944 shares during the period. Hedge funds and other institutional investors own 61.74% of the company’s stock.

Guess? Company Profile

(Get Free Report

Guess?, Inc designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing. The company's clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, activewear, knitwear, and intimate apparel.

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